Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (5,611) $ 31,035
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 387 424
Noncash lease expense 1,760 0
Deferred income taxes (820) 358
Goodwill impairment 1,764 0
Changes in assets and liabilities:    
Inventories 5,820 (3,879)
Other current assets (554) 2,065
Other assets 0 (55)
Accounts payable (953) (116)
Accrued commissions (9,598) 1,410
Other accrued expenses (2,797) (883)
Deferred revenue (2,315) 2,359
Amounts held in eWallets (1,742) (509)
Operating lease liabilities (1,807)  
Income taxes payable (1,617) (2,077)
Other current liabilities (222) (326)
Long-term incentive (333) (96)
Net cash provided by (used in) operating activities (18,638) 29,710
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (189) (214)
Net cash used in investing activities (189) (214)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase of common stock (10,117) 0
Dividends paid (7,344) (31,512)
Net cash used in financing activities (17,461) (31,512)
Effect of exchange rates on cash, cash equivalents and restricted cash 62 (811)
Net (decrease) increase in cash, cash equivalents and restricted cash (36,226) (2,827)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 135,651 138,478
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 99,425 135,651
SUPPLEMENTAL CASH FLOW DISCLOSURE:    
Cash paid for income taxes, net 1,985 3,130
Issuance of treasury stock for employee awards, net 8,289 $ 554
Right-of-use assets obtained in exchange for operating lease liabilities $ 5,082